Coal news and updates

Updated daily

• Coal benchmark jumps 46% as Ukraine war stokes supply fears

  03 Mar 2022

  Benchmark thermal coal in Asia, the largest market for the fuel, soared 46% to a record as concerns about disruption to supplies from Russia turbocharge concerns over tight energy markets. . ...Read More

• Farallon and Co put price on coal’s pariah status

  03 Mar 2022

  Climate-change concerns are making it ever harder for coal-mining companies to raise money. A group of hedge funds has put a price on the fossil fuel’s status as a financial pariah: a whopping 11.5% interest rate on a five-year secured loan. That’s what Canyon Capital, Farallon Capital and Varde Partners are charging to lend around half the $1.3 billion Australia’s Stanmore Resources (SMR.AX) agreed in November to pay for some BHP (BHP.AX) assets. . ...Read More

• Australia aids allies seeking to replace Russian coal

  03 Mar 2022

  The Australian government is helping coal importing nations find alternatives to Russia for supplies by connecting them with local producers, a government spokesperson said on Thursday, as Russia’s invasion of Ukraine made buyers look elsewhere. . ...Read More

• Philippines approves revival of nuclear power to help replace coal

  03 Mar 2022

  Philippine President Rodrigo Duterte has signed an executive order to include nuclear power in the country’s energy mix, as authorities prepare for the phasing out of coal-fired power plants and after earlier efforts failed due to safety concerns. . ...Read More

• China backpedals on climate promises as economy slows

  02 Mar 2022

  When China's President Xi Jinping issued his traditional Lunar New Year wishes from the country's coal heartland in January, the subtext was clear: Beijing is not ready to kick its coal addiction, despite promises to slash emissions. . ...Read More

• China's Russian coal purchases stall as buyers struggle to secure financing

  02 Mar 2022

  Chinese traders are scaling back imports of Russian coal as they struggle to secure financing from state banks worried about potential sanctions after Russia invaded Ukraine, in early signs of supply disruption from the world's third-largest coal seller. . ...Read More

• Coal India February offtake nos. rise 12% YoY to 57.4 MT

  02 Mar 2022

  The state-run coal major's offtake stood at 57.4 million tonnes (MT) in February 2022, growing 12% as compared with 51.3 MT recorded in the same month last year. . ...Read More

• Asia's coal imports decline, but Ukraine crisis will keep prices up

  02 Mar 2022

  Asia's imports of coal slumped in February as prices remained close to record highs for both thermal and coking grades, and the crisis in Ukraine means the cost of the fuel is unlikely to retreat any time soon. . ...Read More

• Core sector grows 3.7 pc in Jan 2022 led by coal, natural gas

  01 Mar 2022

  Signalling economic recovery, the output of eight infrastructure sectors registered a growth of 3.7 per cent in January 2022 against 1.3 per cent in the corresponding period of the last year, pushed by strong production of coal, natural gas and cement industries. The core sector industries- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity- expanded by 4.1 per cent in December 2021. . ...Read More

• AES To Go Coal-Free By 2025

  01 Mar 2022

  The parent company of a coal-fired power plant in Petersburg says it will stop using coal by 2025. . ...Read More

• Death toll rises to 13 from Colombia's coal mine explosion

  01 Mar 2022

  The death toll rose to 13 from Saturday's explosion inside the La Chapa coal mine in the Colombian municipality of Tasco in the Boyaca department after two more bodies were found, local authorities said Monday. . ...Read More

• ASIC’s four-year pursuit of Rio settled for $750k

  28 Feb 2022

  Rio Tinto and the Australian Securities and Investments Commission have asked the Federal Court to approve a settlement that would end a four-year legal saga for the sum of $750,000. . ...Read More

• China sees biggest growth in energy and coal use since 2011

  28 Feb 2022

  China recorded its biggest increase in total energy consumption and coal use in a decade in 2021, as the economy recovered from COVID-19 slowdown a year earlier, data from the country’s statistics bureau showed on Monday. . ...Read More

• Orsted sticks to Gazprom deal but halts Russian coal, biomass purchases

  28 Feb 2022

  Danish energy firm Orsted has stopped sourcing Russian coal and biomass for its power plants but will continue to buy up to 2 billion cubic metres (bcm) of natural gas from Gazprom per year under a long-term contract. . ...Read More

• Energy Crisis Worsens As Russia Delays Coal Supply

  24 Feb 2022

  Coal prices are rising again as the Russia-Ukraine crisis has put energy markets on alert and Russian coal producers struggle to get their coal via railways to export terminals due to COVID-related railway staff shortages. . ...Read More